LendingTree to launch an auto lending service on its platforms
On February 19, 2021, LendingTree in a partnership with Westlake, announced it is going to be starting a new auto lending service on its website. The new service will allow customers to compare indirect auto loans and see which deal best fits. Westlake, which operates in the auto-loan industry, will provide its network to LendingTree to use in part of this new platform as this will help customers get the best access to the most relevant information in auto loans. With this new service, LendingTree will set to now branch out in more types of services from providing advice on mortgage loans, credit card payments, and now with this new service auto loans.
New Activity|Discontinued ActivityIn response to volatile demand in the wake of the first COVID-19 surge, the company undertook a comprehensive cost reduction program, aimed at shoring up labor and supply costs.
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